Chapter 2 Word Scramble
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| Question | Answer |
| What is the labor force? | People who want to or are working in an economy. |
| The portion of the people in a workforce that are not working? | unemployment rate |
| Is the steel that goes into the car part of the GDP? | NO, only the final product is. |
| What does the GDP have to do with the economy? | It measures the growth of, or decrease in the output of a nation. |
| What is the cycle of Recession-prospertiy called? | the Business Cycle. |
| What does the consumer price index compare? | It compares the price of an item, to the same item earlier that year. |
| What is Inflation. | It would be the increase in the general price level of comon goods. |
| What is Deflation? | It is the decrease in price of common goods, it doesn't happen very often. |
| What is a capital project? | It is a business spending money in order to expand and be more efficent. |
| What is a budget surplus? | A budget surplus is when the US goverment is spending less money that it is collecting in taxes. |
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JohnFreund
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